Portland Gen Electric Q2 2024 GAAP EPS $0.69 Beats $0.61 Estimate, Sales $758.000M Beat $715.055M Estimate
Portfolio Pulse from Benzinga Newsdesk
Portland General Electric (NYSE: POR) reported Q2 2024 GAAP EPS of $0.69, beating the $0.61 estimate. Sales were $758 million, surpassing the $715.055 million estimate. This represents a 76.92% increase in EPS and a 16.98% increase in sales compared to the same period last year.
July 26, 2024 | 10:17 am
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Portland General Electric (NYSE: POR) reported strong Q2 2024 earnings, with GAAP EPS of $0.69 beating estimates by 13.11% and sales of $758 million exceeding expectations by 6.01%. This marks significant year-over-year growth in both EPS and sales.
The strong earnings report, with both EPS and sales significantly beating analyst estimates, is likely to positively impact the stock price of Portland General Electric in the short term. The substantial year-over-year growth further supports a positive outlook.
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